Its the RBA !!!!!!! Interest should be 1.25% in oz....ButThey...

Its the RBA !!!!!!! Interest should be 1.25% in oz....But
They listen to the Big4Banks, bec. aussies borrowed that heavily and pushed up prices in these arteficial housingboom that The Big4Banks enjoy the high interest and monies they make.
They,the Big4Banks dont like lower interest !!!
high interest supports the high $A and is the killer for any manufacturing investment in oz.
Singapore has 15% corporate taxrate and they enjoy shorting for profit Aussie companies on the ASX.
A$1 - 1.285 SDG Lots of profit to be made.

The high $A has brought down the ASX from over 5000 pts to the lower 4000pt range.

You stupid country Australia and the goverment is totally blind.